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RSI low/high Values: [ 25 - 75 ]
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
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Xerox Corporation stock upgraded to Sell Candidate.
(Updated on May 02, 2024)

Sell candidate since Apr 15, 2024 Loss -18.20% PDF

The Xerox Corporation stock price gained 2.53% on the last trading day (Thursday, 2nd May 2024), rising from $13.06 to $13.39. During the last trading day the stock fluctuated 2.50% from a day low at $13.20 to a day high of $13.53. The price has fallen in 8 of the last 10 days and is down by -17.24% for this period. Volume fell on the last day by -1 million shares and in total, 2 million shares were bought and sold for approximately $22.59 million. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.

The stock lies in the lower of a very wide and falling trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $12.99 is broken, it will firstly indicate a stronger fall rate. Given the current short-term trend, the stock is expected to fall -20.23% during the next 3 months and, with a 90% probability hold a price between $10.36 and $13.12 at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.

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XRX Signals & Forecast

A buy signal was issued from a pivot bottom point on Wednesday, May 01, 2024, and so far it has risen 2.53%. Further rise is indicated until a new top pivot has been found. Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The stock should be watched closely. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Xerox Corporation stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at $13.74 and $16.32. A break-up above any of these levels will issue buy signals. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).

Support, Risk & Stop-loss for Xerox Corporation stock

Xerox Corporation finds support from accumulated volume at $13.29 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

This stock may move much during the day (volatility) and with a large prediction interval from the Bollinger Band this stock is considered to be "high risk". During the last day, the stock moved $0.330 between high and low, or 2.50%. For the last week, the stock has had daily average volatility of 3.71%.

Xerox Corporation is oversold on RSI14 (13). Some stocks may fall long and hard while being oversold on RSI, but stocks that are heavily oversold on RSI often pose good re-bounce chance and played well it can be a buy candidate.

Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.

Trading Expectations (XRX) For The Upcoming Trading Day Of Friday 3rd

For the upcoming trading day on Friday, 3rd we expect Xerox Corporation to open at $13.37, and during the day (based on 14 day Average True Range), to move between $12.81 and $13.97, which gives a possible trading interval of +/-$0.579 (+/-4.32%) up or down from last closing price. If Xerox Corporation takes out the full calculated possible swing range there will be an estimated 8.64% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at $13.29 (0.75%) than the resistance at $14.76 (10.23%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is Xerox Corporation stock A Buy?

Xerox Corporation holds several negative signals and is within a very wide and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock. We have upgraded our analysis conclusion for this stock since the last evaluation from a Strong Sell to a Sell candidate.

Current score: -3.891 Sell Candidate Upgraded

Predicted Opening Price for Xerox Corporation of Friday, May 3, 2024

Fair opening price May 3, 2024 Current price
$13.37 ( 0.124%) $13.39

The predicted opening price is based on yesterday's movements between high, low, and closing price.

Trading levels for XRX

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 13.70 2.34 %
R2 13.58 1.40 %
R1 13.50 0.82 %
Current price: 13.39
Support S1 13.25 -1.07 %
S2 13.17 -1.65 %
S3 13.04 -2.59 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 16.67 24.50 %
R2 16.44 22.78 %
R1 14.76 10.23 %
Current price 13.39
Support S1 13.29 -0.747%
S2 13.06 -2.46%
S3 0 .

XRX Dividend Payout History


# Declaration Date Ex-Date Pay Date Amount Yield
1 Feb 22, 2024 Mar 27, 2024 Apr 30, 2024 $0.250 1.88%
2 Oct 19, 2023 Dec 28, 2023 Jan 31, 2024 $0.250 1.35%
3 Jul 20, 2023 Sep 28, 2023 Oct 31, 2023 $0.250 1.95%
4 May 25, 2023 Jun 29, 2023 Jul 31, 2023 $0.250 1.56%
5 Feb 16, 2023 Mar 30, 2023 May 01, 2023 $0.250 1.62%

FAQ

What is the symbol for Xerox Corporation Stock and on which exchange is it traded?
The symbol for Xerox Corporation is XRX and it is traded on the NYSE (New York Stock Exchange).

Should I buy or sell Xerox Corporation Stock?
Xerox Corporation holds several negative signals and is within a very wide and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock. We have upgraded our analysis conclusion for this stock since the last evaluation from a Strong Sell to a Sell candidate.

How to buy Xerox Corporation Stock?
Xerox Corporation Stock can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy Xerox Corporation Stock.

What's the current price of Xerox Corporation Stock?
As of the end of day on the May 02, 2024, the price of an Xerox Corporation (XRX) share was $13.39.

What is the 52-week high and low for Xerox Corporation Stock?
The 52-week high for Xerox Corporation Stock is $19.78 and the 52-week low is $12.06.

What is the market capitalization of Xerox Corporation Stock?
As of the May 02, 2024, the market capitalization of Xerox Corporation is 1.663B.

When is the next earnings date for Xerox Corporation?
The upcoming earnings date for Xerox Corporation is Jul 23, 2024.
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About Xerox Corporation

Xerox Xerox Holdings Corporation, a workplace technology company, designs, develops, and sells document management systems and solutions in the United States, Europe, Canada, and internationally. It offers workplace solutions, including desktop monochrome, and color and multifunction printers; digital printing presses and light production devices, and solutions; and digital services that leverage workflow automation, personalization and communication s... XRX Profile

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